CBDT notifies Form no. 15E for making application to determine ‘sum chargeable to tax’ u/s 195
CBDT notifies Form no. 15E for making application to determine ‘sum chargeable to tax’ u/s 195 Notification No. 18/2021, dated…
Income Tax
Investments made in one assessment year cannot be brought to tax in the another assessment year.
Investments made in one assessment year cannot be brought to tax in the another assessment year. An interesting case came…
Reconstitution of partnership Firm now liable for Income Tax
Reconstitution of partnership Firm now liable for Income Tax Tax planning by way of revaluation of assets or by recording…
Tax Rate of 22% for Resident Co-operative societies for the FY 2020-21 & onwards
Tax Rate of 22% for Resident Co-operative societies for the FY 2020-21 & On wards Now, Co-Operative Societies can pay tax…
CBDT Revised Form No. Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof), Part B to Form 16 (Details of Salary Paid and any other income and tax deducted) and Annexure II to Form No. 24Q
CBDT Revised Form No. Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in…
TDS in respect of aggregate Cash Withdrawal above Rs. 20 lakh by an account holder of National (Small) Savings Schemes for non ITR filer under section 194N of I.T. Act 1961: Circular Issued by Department of Post
TDS in respect of aggregate Cash Withdrawal above Rs. 20 lakh by an account holder of National (Small) Savings Schemes…
Scope of Statement of Financial Transaction (SFT) widened: Now, to include capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income
Scope of Statement of Financial Transaction (SFT) widened: Now, to include capital gains on transfer of listed securities or units…
Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in case of the recipients
Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in…
PPT on Submission of SFT in Form No. 61A
PPT on Submission of SFT in Form No. 61A PPT on Submission of SFT in Form No. 61A
Landmark Judgment: Gujarat HC allowed rectification of GSTR-3B without payment of late fee by assessee
Landmark Judgment: Gujarat HC allowed rectification of GSTR-3B without payment of late fee by assessee The court also observed that …
Additional Director General of DRI is not empowered for initiation of recovery proceedings under Customs: SC
Additional Director General of DRI is not empowered for initiation of recovery proceedings under Customs: SC Canon India (P.) Ltd.…
Issue before ITAT- Delhi: (a) Surplus of sale of mortgaged property is taxable or not and (b) whether it was a forced sale of mortgaged property to pay to the lender or the sale was at free will and whether any benefit actually accrued/ received by the assessee
Issue before ITAT- Delhi: (a) Surplus of sale of mortgaged property is taxable or not and (b) whether it was…
Liabilities of Developer under RERA: An observation by the Court
Liabilities of Developer under RERA: An observation by the Court By a landmark judgment the Hon’ble MahaRERA held that: a)…
ITC benefit cannot be denied merely for entering details in Wrong Column
ITC benefit cannot be denied merely for entering details in Wrong Column Entry at the wrong Column: No Denial of…
Why GST Audit need to be restored: An Apt Representation by KSCAA
Why GST Audit need to be restored: An Apt Representation by KSCAA Why GST Audit need to be restored: An…
Notices of High Value Transactions: What taxpayers need to do?
Notices of High Value Transactions: What taxpayers need to do? In the last 3 days, the Income tax department has…
Taxation of partnership Firm on Reconstitution & plugging the loophole
Taxation of partnership Firm on Reconstitution & plugging the loophole Every budget attempts to plug the loopholes in the existing…
Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee
Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee Short…
